Red Cross launches Emergency Appeal for Mongolia as extreme ... - International Federation of Red Cross and Red Crescent Societies
16 February, 2017 – Beijing/Geneva. Today, the International Federation of Red Cross and Red Crescent Societies (IFRC) launched an International Emergency ...altro »
Red Cross respond as Mongolian herders struggle to survive winter Dzud amidst rising livestock deaths - International Federation of Red Cross and Red Crescent Societies
Under the IFRC appeal, each family will receive an unconditional cash grant of 245,000 Mongolian Tugrik (100 Swiss francs) to be used to purchase food, clothing, fodder for their livestock, or for any other priority they see fit. The appeal will also ...altro »
Battered Mongolia faces make-or-break moment - Financial Times
In the 2008 election campaign, for example, both the ruling Democratic Party and the opposition Mongolian People's Party promised cash handouts of 1m to 1.5m tugrik (roughly $406-$609) for “every Mongolian” as a share of the nation's mining revenue.altro »
Mongolian Bond Prices Jump Following $440 Million IMF Bailout - Bloomberg
The tugrik was little changed at 2,482 per dollar compared to 2,483 on Friday. Mongolia's sixth IMF bailout since 1990 follows a downturn in prices for copper and coal, the two main export commodities. The budget deficit soared and disputes with ...
Mongolian citizens offer cash, jewellery, horses to pay off gov't debt - Reuters
Corporate groups and legislators were also chipping in with cash contributions of as much as 100 million tugrik ($40,650). Mongolia's foreign currency reserves are at a seven-year low, according to credit rating agency Fitch, and redeeming DBM's bonds ...altro »
One-time emerging market darling Mongolia is running out of cash - CNBC
The Mongolian tugrik has plummeted nearly 12 percent against the dollar this year, which prompted the Mongolian central bank to lift its policy rate on Thursday by 450 basis points to an all-time high of 15 percent. The government also announced some ...
Mongolian Tugrik Meltdown Seen Cooling Down Myanmar Kyat: Chart - Bloomberg
The freefall in Mongolia's exchange rate may be cooling down the Myanmar kyat, which had been the world's best-performing exotic currency this year until the tugrik started its epic 14 percent slide to a record low. The crisis that saw Mongolia's new ...
Poll: Which of these currencies will hit parity against the dollar? - CNBC
The dollar's rapid rise, following Donald Trump's November 8 election victory, shows little sign of abating, with investors betting on a positive outlook for the U.S. economy in anticipation of additional fiscal stimulus. Since the election, the dollar ...
The World's Worst Currency Is in a Record Slide - Bloomberg
Mongolia's tugrik, the world's worst-performing currency in August, is in its longest losing streak on record as the nation's government seeks ways to stabilize an economy it says is in the grip of a crisis. The currency weakened a 22nd day to 2,243.50 ...altro »
Mongolian horse seeks white knight - IFR Asia
But one wonders if the fall of its currency, the tugrik, which plummeted 23% against the US dollar last year, would have occurred had Mongolia not made its forays into the offshore debt markets. The ruling Mongolian People's Party, which won a ...